FC Liverpool will honor Reds legend Steven Gerrard with a testimonial match to celebrate Gerrard's glittering career on August 3rd, with all the proceeds from the event being donated to charity by both clubs.

Liverpool will face reigning Greek champions and European giants Olympiacos in their only pre-season match.

The match will also mark Gerrard's commitment and loyalty to his hometown club.

Gerrard made his Liverpool debut almost 15 years ago

"I am delighted to be honoured by Liverpool with a testimonial match and particularly thrilled that Olympiacos have accepted my invitation to play the fixture. Last time we met proved to be such a memorable game both for me personally and Liverpool Football Club," Gerrard told the club's website.

"I am also especially grateful that Olympiacos have truly embraced the aim of this match and chosen to donate their fee to charity. I am looking forward to what I know will be a fantastic game and a wonderful occasion."

Money raised from events celebrating Steven's testimonial year will be for the benefit of the Steven Gerrard Foundation (SGF), a registered charity. The foundation, set up in February 2011, is committed to making a lasting difference to disadvantaged children and young people in need.

The money generated by the game and gala dinner will go to a range of children's charitable organisations and projects in and around Merseyside.

Liverpool's opponents, Olympiacos, have confirmed that they too will be donating their appearance fee to local charities in Greece.

In addition to the clash with Olympiacos, a Testimonial Gala Dinner will be held at the Echo Arena, Liverpool after the game. Guests will be treated to a VIP Champagne Reception, a 3 Course Gourmet Dinner and entertainment.

Reds captain Gerrard and his wife Alex have three daughters, Lourdes, Lilly-Ella, and Lexie.

And tickets are for sale now for the Steven Gerrard Testimonial match at Anfield on Aug 3rd at 12:45 - buy Liverpool v Olympiacos Tickets and Liverpool v Celtic Tickets for the Reds match against Celtic on Aug 10th at 17:30 at Aviva Stadium in Dublin, Republic of Ireland.

Thirty-two year old Toure is the latest and oldest Liverpool recruit since manager Brendan Rodgers took over from Kenny Dalglish at Anfield last summer.

"I saw him play a lot of games last year," Rodgers reported on Liverpoolfc.com. "I saw him play at Aston Villa and in a lot of other games and I thought he was Manchester City's best player."

In his successful career, Toure has won three FA Cup's and two league titles to date.

"Kolo's experience is going to be really important for us - but not just that. He's someone with a winning mentality," Rodgers continued. "There weren't too many available who were better than Kolo Toure. He's played with big clubs, he understands what a winning mentality is about.

"He's a good man as well - he knows what the culture is like at a big club."

Liverpool super star striker Luis Suarez reportedly plans to leave Anfield to be able to compete in the Champions League next season, but admits talks have not begun with Real Madrid regarding a reported £40m move to the Bernabeu.

Suarez finished second in the PFA Players' Player of the Year vote, and was the third highest goalscorer in Europe this campaign

Suarez hopes to leave The Reds this summer due to his harsh treatment by the FA and the English press including his 10 match match ban for biting Chelsea defender Branislav Ivanovic.

The 10-match ban Suarez received for biting Ivanovic in April, is the second such offence of his career. He will miss the the first six games of the 2013-14 campaign.

Real have reportedly agreed a deal worth £40m to sign Suarez.

"It's a good moment for a change of environment because of all I've been through," Suarez said. "I do not know when I'm going and I do not know if I'm staying."

"I have only words of thanks to the club, the fans of Liverpool, but the treatment I received from the rest of England in recent weeks has been tough.

"It is a spectacular club, but they are aware of the way that the press treats me."

"It is normal that it is impossible to say no to big teams for which one always dreams. Yet I have nothing, I have not spoken with Real Madrid nor with Liverpool.

"My agent has not told me anything either and that leaves me alone, but they [the media] are speculating.

"Every time you do something it becomes big. I just said I'm very happy at Liverpool and I'll be forever grateful to this great city and this club made me grow so much, where I still have a contract."

Suarez's most recent offense was in Liverpool's FA Cup win over Mansfield, led to accusations of cheating.

Luis Suarez performed a lap of honor with his daughter Delfina after the Barclays Premier League match between Liverpool and QPR at Anfield on May 19, 2013 in Liverpool, England.

Liverpool's superstar striker Luis Suarez says it would be "difficult to say no" to a move to Real Madrid.

Suarez was the third highest scorer in the Premier League with 30 goals in 44 appearances for Liverpool last season

Twenty-six year old Suarez signed a long-term contract with Anfield last year, but, as well as scoring 30 goals this season, he was also handed a 10-game ban forbiting Branislav Ivanovic.

Suarez transfered to Liverpool from Ajax in January 2011 for £22.7m. Since joining the club, he has scored 51 in 96 appearances. He had scored 49 goals in 48 games for Ajax the season before joining Liverpool.

Suarez plays for Uruguay National Team and has scored a tally of 31 goals in 62 caps.

"I've talked to my agent, there's nothing concrete," said Suzrez about joining Real Madrid. "It would be very difficult to say no to Real Madrid."

"There are a lot of rumors in the transfer period, but you never know until firm offers are made."

Suarez was banned for five matches after biting Chelsea's Ivanovic. Previously he received a ban for racially abusing Manchester United's Patrice Evra.

"I'm happy at Liverpool thanks to the fans. I have committed an error, I am human, but they've talked about me in ways they shouldn't have.

"My family have suffered and things have gone beyond the limits.

"I am tired of it. My daughter and my wife have suffered. I'm not prepared to continue suffering at the hands of the English journalists.

"I suffered a lot as a kid to get where I am just to be attacked unfairly by the English press. They haven't appreciated me as a player, they've just judged my attitude."

Earlier this year, Liverpool managing director Ian Ayre said, "We love Luis being at Liverpool, he loves being at Liverpool and we fully expect him to be at Liverpool next season."

Suarez is happy at Liverpool.

"There are a good few years left on my contract. I want to carry on enjoying myself because both my family and I feel really happy here."

Liverpool will host Olympiakos at home at Anfield Road for the Steven Gerrard Testimonial match.

Durning his highly successful career, Liverpool superstar, Steven Gerrard, scored a stunning goal against Olympiakos - a late strike in the 2004-2005 Champions League campaign which put Liverpool through as the competition winners in Istanbul. Gerrard will have the opportunity to repeat his glorious performance against the Greek side this summer in his testimonial.

The Liverpool legend will be feted by a testimonial on August 3, the only pre-season game that will be played at home at Anfield.

Luis Suarez is a doubt at this time as he has yet to learn his fate from the FA after appealing his five match ban for violent conduct after biting the arm of Chelsea defender Branislav Ivanovic.